Maritime Resources Corp V.MAE

Alternate Symbol(s): MRTMF

Metals & Mining Gold

Maritime Resources Corp. is a Canada-based gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. It controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. The Company owns mineral processing assets in the Baie Verte mining district, which include the Pine Cove mill and the Nugget Pond gold circuit. It also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its land holding, across all its properties, covers an area of approximately 43,925 hectares, of which the Company holds a 100% mineral rights interest in 37,050 hectares with the remaining 2,175 hectares under option agreements (100%).

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Maritime Resources Corp > question... not about MAE

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Comment by nozzpackon Oct 12, 2024 10:16am

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Post# 36263794

RE:RE:RE:RE:RE:RE:RE:RE:question... not about MAE

Thank you.
Very much on point.

The 1 for 10 consolidation will be very beneficial for the share price.

I give the example of our early in JV partner Firefly metals .

It did a 1 for 15 consolidation about a year ago at 3 cents.

Its now at $1.05 ot about $0.07 cents in pre consolidated price despite subsequent equity raises.

There are very few sellers right now as an unknown penny.

Once consolidated, you will pay a lot more for post consolidated shares.

GLTA

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